Omar Subaih
Cost Analysis Manager
Jeddah
Summary
A dynamic and results-driven professional with a proven track in financial leadership and strategic decision-making. Possesses excellent leadership capabilities and is known for proficiency in all aspects of accounting, including profitability analysis, costing, and financial planning.
A strategic thinker with a keen eye for critical details, offering a unique blend of innovation and adaptability to drive optimal results. Adept at motivating teams in demanding environments, committed to continual success and thrive on solving complex problems effectively
Overview
9
9
years of professional experience
Work History
Cost Analysis Manager
Saudia Airlines
01.2024 - Current
- Issue monthly flight route profitability reports (Reports: by Flight, aircraft, service and region)
- Maintain profitability reporting system and monitor data quality to assess the organization's financial health.
- Maintain and update unit rates and services prices.
- Establish cost allocation mechanism and principles to identify cost to appropriate cost object.
- Perform what if analysis for Hajj & Umrah round trip flights and new routes.
- Submit monthly and YTD financial performance report that include operational KPIs, operating financial results in- depth analysis, cash flow projects, inter-company balances, divisional variance analyses
- Compare Saudia's profitability with business benchmarks to analyze practice, identify issues and take prompt actions that help the organization to increase profitability and achieve business growth.
- Analyze proposed investments and provide financial impact to identify opportunities.
- Review sister SBUs SLAs and internal transfer pricing to provide recommendations and penalties structure.
- Develop ad-hoc reports to profitability and cost studies.
- Participate in IATA Airline Cost Management Group.
- Prepares department budget, monitor actual expenses and submit monthly variance report.
TRANSFORMATION FINANCE LEAD
Saudia Airlines
04.2021 - Current
- Engaged in different work streams including: Fleet Management, Operation, Loyalty & Customer Experience.
- Work closely with the initiative owners in building the business case.
- Conduct methodology processes for all initiatives and decide whether to continue with them or not.
- Validating actual benefit of the initiative by tracing it to the P&L.
Senior financial specialist
Saudia Airlines
01.2019 - 12.2023
- Produce operating and headcount budget.
- Produce different costing reports including: Disruption cost, Cost per mile and others.
- Maintain and update cost centers hierarchy.
- Produce monthly and YTD budget reports.
FINANCIAL SPECIALIST
Saudia Airlines
02.2015 - 12.2018
- Produce Profitability & Costing reports
- Participate in Preparing the yearly budget using Zero Base Budget/Activity based approaches
- Conduct feasibility studies by gathering data from different department and using various financial models
- Engaged in Aircraft Acquisition/Lease analysis.
Financial analyst
Saudia Airlines
4 2013 - 01.2015
- Main role is managing payroll accounts, through SAP System, for the Holding Company & Its SBUs.
- Coordinate with budget, treasury, intercompany, and revenue Departments for multiple projects.
- Coordinate with internal & external auditors to fulfill thier requirement.
Financial Accountant - Part Time
Meteor Media Group
05.2021 - Current
- Initiate Business model and differentiate between activities conducted in the firm.
- Prepare financial policy for all company operations.
- Prepare periodic financial reports including: Cash status, monthly performance, collection and other and clearly present it to the owner.
- Bookkeeping for day-to-day operation.
- Periodic filing for VAT & WHT.
Financial Advisory -Part Time
Jamjom Construction
11.2019 - 04.2020
Education
MASTER OF FINANCE - FINANCE
Saint Mary's University, Sobey School of Business
03.2013
Bachelor of Business Administration - FINANCE
King Abdulaziz University
Jeddah Saudi Arabia 04.2001 -
LEVEL II CANDIDATE - undefined
CFA Institute
Skills
Financial Leadership
Projects
- Implementation of Transfer Pricing to comply with ZATCA (April 2024 - Present)
- Back-office automation project (SAP S4HANA) (Mar 2022 - present)
- Saudia SHINE Transformation project (May 2021 - Present)
- Flight Route Profitability (FRP) system (Mar 2017 - Apr 2018)
Timeline
Cost Analysis Manager
Saudia Airlines
01.2024 - Current
Financial Accountant - Part Time
Meteor Media Group
05.2021 - Current
TRANSFORMATION FINANCE LEAD
Saudia Airlines
04.2021 - Current
Financial Advisory -Part Time
Jamjom Construction
11.2019 - 04.2020
Senior financial specialist
Saudia Airlines
01.2019 - 12.2023
FINANCIAL SPECIALIST
Saudia Airlines
02.2015 - 12.2018
Bachelor of Business Administration - FINANCE
King Abdulaziz University
04.2001 -
Financial analyst
Saudia Airlines
4 2013 - 01.2015
MASTER OF FINANCE - FINANCE
Saint Mary's University, Sobey School of Business
LEVEL II CANDIDATE - undefined
CFA Institute
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